please answer both questions.

You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage door opening device. The president has asked that you review the company's costing system and "do what you can to help us get better control of our manufacturing overhead costs." You find that the company has never used a flexible budget, and you suggest that preparing such a budget would be an excellent first step in overhead planning and control. After much effort and analysi5, you determined the following cost formulas and washai 7 d the following actual cost data for March. 18,000 machine-hours dufing Mareh 16,000 machine-hours and produced 10,000 units. The company had originally planned to work Required: 1 Prepare a flexible budget for March. 2. Prepare a report showina the spendina variances for March Prepare a flexible budget for March. (Input all amounts as positive values.) Prepare a report showing the spending variances for March. (Indicate the effeft of each variance by sel favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positi